CIH welcomes news that council borrowing cap will be scrapped
Responding to the Prime Minister Theresa May's announcement that the borrowing cap on councils will be scrapped to help them build more homes, CIH director of policy and external affairs Gavin Smart said: "This is excellent news and we look forward to seeing the detail.
"We have been calling on the government to lift the local authority borrowing cap to help councils build more genuinely affordable homes so it’s great to see the Prime Minister listening to the voice of housing professionals.
"If we are to have any hope of tackling our national housing crisis, councils must play a critical role and this move will help them reach their potential. But if course it’s not just a numbers game – we need to make sure we are building the right homes, in the right places, at the right prices. That’s why it is so important to give councils the tools they need to build more truly affordable homes for social rent."